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During the 5-year period preceding the sale, the taxpayer rented the property for two years...

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Accounting

During the 5-year period preceding the sale, the taxpayer rented the property for two years and then used it as a principal residence for three years. How does renting a property prior to using it as the principal residence impact a taxpayers exclusion of the gain from the sale of their principal residence?

Full exclusion available No impact on exclusion Disqualified from exclusion Pro-rated exclusion based on use

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